New Delhi, June 2 (KNN) Prime Minister Narendra Modi said he is optimistic that India will definitely get its growth back and he has trust in India's business leaders, farmers, MSMEs and the capability of the countrymen to reach that target.

"Yes, we will definitely get our growth back," the Prime Minister asserted while delivering the inaugural address on the occasion of CII's 125th anniversary.

India registered an 11-year low economic growth of 4.2 per cent in FY20 and economists, including the RBI, have forecast a negative growth rate for FY21 in what could be a recession after almost four decades.

He said that the private sector is a participant in India's growth story and that he will stand by India Inc in getting growth back. The PM said that the we have to take care of the economy while taking every possible action against the virus.

The PM said that he has confidence in the capability, talent, innovation, intellect of Indians. He said that he trusts India's MSME, farmers and industry leaders who will work towards getting India's growth back.

India has entered the Unlock Phase 1 in which a large chunk of economy has opened up. "We have started our journey towards getting our growth back," Modi said.

In comparison to other countries, the PM highlighted how effective the lockdown has proved in India.

The government has launched the Atmanirbhar Bharat. To strengthen the economy is the topmost priority of India. The government has taken decisions that will help the economy in long run.

PM Modi assured the India Inc that he will standby them in getting India's growth back. He told them that the path of Atmanirbhar Bharat will be fully integrated with world economy and also support it.